The New Zealand dollar has continued to be volatile, initially falling after the return of covid restrictions. However, the underlying economy remains strong. Economists at Westpac expect the NZD to appreciate against the USD due to it being undervalued for some time based on fundamentals.
“We expect the NZD to gain ground against the US dollar over the next year, reaching an average of 0.74 by the end of 2022.”
“Our assessment is that the NZD is undervalued, and indeed has been for some time. Indeed, relatively high-interest rates and record-high commodity prices both argue for a stronger NZD.”
“On balance, we expect the NZD/AUD exchange rate to hold broadly steady over the coming year.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.